Kiyosaki explains why he bought more BTC and when Bitcoin will become better than gold

The inflection point between the two investment assets is close, Kiyosaki said. But in reality it could take another century.

The famed New York best-selling author made headlines again on Friday when he outlined his latest Bitcoin purchase, doubling down on his belief that BTC is (or eventually will be) a better investment option than gold.

It is worth noting that some of Kiyosaki’s recent statements have caused significant backlash due to a lack of consistency, with some interpreting them as simply untrue.

Bought 1 more BTC

The author of the Rich Dad, Poor Dad series took it to X to highlight his latest purchase of an entire bitcoin for $67,000. He outlined two important reasons for his decision now:

#1: Because the Great Print will begin when US debt crashes the dollar and the “Marxist Fed” starts printing trillions in counterfeit dollars.

#2: The magical 21 millionth Bitcoin is almost mined.

Furthermore, he noted that once the last BTC is mined, the cryptocurrency will become “better than gold.” There are a few things we need to discuss for this statement. First, it might sound like this moment is close, considering that almost 20 million bitcoins have already been mined.

However, due to the unique way the Bitcoin network works, the last million will be the hardest to mine and will take a very long time. Probably so long that most of us won’t be here at that crucial moment.

The incorporation of a halving event that halves the mining rate every approximately four years will ensure that mining of new BTC will gradually decrease over time. Current estimates therefore indicate that the last bitcoin will be mined around 2140. In other words, Kiyosaki will be almost 200 years old (he was born in 1947).

Second, he now says that BTC will become better than gold once the last bitcoin is mined. However, in a post just a few weeks ago, he said that if he had to choose between the two, he would choose BTC every time, as there can only be 21 million by design (no mention of which Bitcoin will be mined last).

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At what price did you buy?

Again in February, another of his statements left several people on X scratching their heads. He said at the time that he stopped buying BTC at $6,000. However, in many, many other posts, he bragged about buying more bitcoins at prices well over $100,000.

Naturally, the ever-vigilant crypto community picked up on the inconsistency in his words, and the response was severe. Yet there was no response from the famous investor.